As a prospective owner of a club known as the red rose, you are interested in determining the volume of sales dollars necessary for the coming year to reach the break-even point. you have decided to break down the sales for the club into four categories, they are as follows: category estimated sales cost per unit sales price per unitbeer 30,000 $0.75 $1.50meals 10,000 $5.00 $10.00dessert/wine 10,000 $1.00 $2.50lunches/sandwiches 20,000 $3.25 $6.25your fixed cost is $1800 per month plus $2000 per month for entertainment. a) what is your break even point? b).what is the expected number of meals eaach day if you are open 30 days a month?

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inv entory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a. prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price. b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors

Why is investing in a mutual fund less risky than investing in a particular company’s stock?